The firm said it maintained its "Outperform" rating on ORCL and
raised its price target from $36 to $38. That new target implies a
13% upside to the stock's Friday closing price of $33.68.

An FBR analyst commented, "We believe Oracle's newly introduced
optimized systems (Exadata and Exalogic) represent a major growth
pillar. We think Oracle's ability to deliver a comprehensive
systems stack, coupled with its incumbent status, position the
company well to capture a large and untapped opportunity-one that
could be as much as $10 billion annually. Based on our customer
checks, we believe Exadata momentum is just building in the
field."

Oracle shares fell 20 cents, or -0.6%, in premarket trading
Tuesday.

The Bottom Line
Shares of Oracle (
ORCL
) have a .59% dividend yield, based on Friday's closing stock price
of $33.68. The stock has technical support in the $30-$31 price
area. If the shares can firm up, we see overhead resistance around
the $35-$36 price levels.

Oracle Corporation (
ORCL
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.

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